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. that is greater than all android phones combined in the united states. with that kind of intent to buy it, we will see a large market. david: they're going to be selling $99. of course that is the older version. the cheaper price also comes with less connections in the iphone 5 does. there'does the 1.2 gigabytes peh compared to those with slower connection. >> apple is covering all the price points. that is a keeping time to address a large body of consumers. you will have the iphone for which is a great phone given away for free on contract. i think they're doing a great job of going up against the competition and frankly at this point over 50% of americans already have smart phones, so getting into mainstream, mom and pop buying smart phones and it has to be really easy to use and apple has set the gold standard. david: what about the corporate market, lot of corporations going for the blackberry. is this going to tap into that market? >> the iphone has been adopted by companies a lot of the fortune 500 are already using iphones. that sai set in a couple of weee will have blackberry jam whe
with the united states. we are your number one exporter relation between colombia and the u.s. do you feel that the current administration is doing enough to encourage colombian trade? is there something more that can be done? what is your wish-list for your country related to the united states? >> but at least to have congress ratify the free-trade agreement with colombia, the free-trade agreement we negotiated and closed with the united states during the previous administration. liz: david has one more question. david, go ahead. david: it is related to the problems in mexico. as you know corruption is endemic in mexico. there is so much corruption that has gone on for so many decades in mexico. again a lot of businesses are reluctant to get in because of that. if you're going to clean up the drug problem in mexico as you did in colombia, you have to deal with corruption. particularly among the police who are supposed to go after the drug dealers, not work with the drug dealers. how do you deal with a corruption problem in a place like mexico? >> no, no. i can not speak about mexico. i ha
. second-largest copper building wire manufacturer in the united states to compete against three companies. the private company and a buffet lead company which is in not martin group of, it is unfortunately an interaction in the marketplace but at the end of the day copper wire is used half and half between commercial construction and new housing construction and we have both of those sectors which are well below trim line and encore wire is trading at 15 times earnings and six times cash flow. 40% from the peak and significant earnings. dave: i got to interrupt because we are talking about ben bernanke and breaking news on ben bernanke. >> chairman of the federal reserve will meet with lawmakers in the finance committee. private meetings next wednesday. this according to an aide to one of those lawmakers and these will be private meetings when he meets with members of the finance committee and ben bernanke's meeting is going to focus on the economy and fiscal cliff. dave: thank you. i want to get a quick comment. that brings back memories of 2008. these emergency meetings between ben bern
printing spree here in the united states, printing anywhere from 2.4 trillion to $2.7 trillion in order to buy up bonds, including a lot of government debt directly. they say, hey look, so far we don't have inflation so there is no harm in it. to what you say? >> 2% inflation as opposed to a greater level of inflation, there is such a panic in europe that everybody was racing out of the europe into the dollar. holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has
, ceo and cofounder. we always love when people come back to the united states. so far you have just begun the process. talk about you do and why you chose china as a place to do it. you do led lighting. how long were you in china and why did you choose to go there originally? >> well, first of all, thanks for having me, dave, liz. we chose to go to china, we first opened in 2007 in china. we did a lot of engineering stuff over there because the costs were obviously a lot cheaper. and really what we concentrated on in 2000 was expanding there quite a bit. since, since 2009 we've really, we've really looked at our costs and even though it is a lot cheaper for to us manufacture products in china we've done the proper social thing about bringing businesses back to the u.s.. david: so tell us, first of all exactly how much of a loss, i mean, essentially you are going to be paying more by higher labor costs, will you not, coming into the united states? >> yeah, we're paying more but you know, there is field expenses too have that gone up which makes china knot appealing to us and also the
in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just up .02%, but russell 2000 up as well. when the bell rings, the action begins, a former hedge fund manager who says the federal reserve does have a secret weapon that a lot of people aren't talking about that it could fire this week. it's not more money printing we're talking about. also, we have a fox business exclusive interview with legendary investor mark babier, he's going to outline the five reasons why he thinks equities could fall, but first, today's data download. stocks ended the day in the green but well off session highs. energy and financials were the best performing sectors while consumer staples and utilities did lag. the dow hit its highest level since december 2
together since both the united states federal reserve and the bank of japan lored interest rate policy and put in additional stimulus in the global economy. last night silver and gold cracked, and there were a lot of people shaking their heads as to why the metals cracked, and there is perhaps talk out there there were large derivative positions out there that perhaps silver gets above $36 an ounce, you could see a large short covering trade. so be careful. but the fact that gold and silver cracked in this global, aggressive central bank easing campaign doesn't make sense either. david: no, no. of course, it was a crack. it may come back. john, we're going to be talking more to you when the s&p futures close in just about ten minutes. thank you, john. liz: thanks john. let's bring in maury, chief investment officer of relative value partners and david steinberg. both these gentlemen a lot of experience in the markets and a lot of money that they work with. david, you're a bit more optimistic right now, and as we look at the s&p 500 which is certainly up over the past year, pretty stron
. plunging 4%. david: united states ambassador to the united nations and ambassador to libya presented two different views of events that led to the death of our ambassador and three others. take a listen. >> that information is the best assessment we have today in fact this was not a pre-planned, premeditated attack. >> the way they acted, leaves us with no doubt that this is preplanned, predetermined. david: to exactly different answers to that question. it could lead to billions of dollars of investment for libya, something of great interest to our next guest. a member of the libyan royal family joining us now, good to see you again, thank you for coming in. on whose side do you fall on this issue? the president of libya or the u.s. ambassador? was it a planned attack or was it spontaneous? >> it was a planned event which was the work of qaddafi supporters. they have no shame in want to disrupt the democratic process in libya that have taken place right now. david: if it was a planned event, and we know that particular consulate was under increased threat over the past week or so, she d
the past two years the united states increased its production of crude oil and natural gas liquids by 1.3 million barrels a day. by the end of this year it may be two million barrels a day. that is on a base of five. david: that is enough to move the price in the market? >> that is i am men's. it can -- immense. it can move the price in the market. liz: meaning more energy jobs available. what are the numbers? the obama administration said 600, 700,000 jobs could be created. do you feel that is a ballpark figure? >> that the number for natural gas, 600,000 is for natural gas. oil is probably another two million jobs. combination of these two technologies can bring back more than a third of the jobs that were lost in the great recession. liz: but there would be training involved. just doesn't happen instantaneously, does it? >> no. it happens over time, over two, three, 4-year period. but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrel
that by hundreds of companies from the united states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world with a global footprint, good balance sheets. in a sea of uncertainty and lower returns one of the things you want to learn is a share of a growing stream of earnings and dividend and speculate by low-quality stocks, there is a lot that can go on but you want return and you do have to own the higher-quality companies and the global footprint. you have to have some of your money in those. dave: there was one this sense that this vote. you think richard fisher, head of dallas fed where you used to work if he was a voting member as he used to be that he would be anot
plenty of reserve to do that. we are in a below average economy here in the united states. a slight recession in europe. slowing gdp growth in emerging economies. it is a tough environment. >> very tough indeed, thank you. liz: gel, we were check back with you in a few minutes we do the federal reserve announcing another round of money easing. peter barnes is sitting down exclusively with boston fed president eric rosencrantz. here is what he had to say about he thinks how it will affect the economy. >> i think it will have a material impact and they're a number of ways it can happen. one is in the housing market, rates are low, but we are starting to see in the markets that prices are starting to go up. if you think that the federal reserve program will last for a certain period of time, there is the same thing when purchasing a large building. interest rates may start rising as the economy improves. that is exactly the kind of behavior we are hoping for. liz: mark olson is a former federal reserve or governor. you heard what he said. a very important interview. he truly feels that
of physical gold is actually bought outside the united states. actually, outside the developed world enter emerging markets. we have seen in the u.s.s. cole be more of a trading vehicle, and only now we are seeing the adoption of physical gold chemical ets, and gold investment. gold in and of itself is much more of an emerging market phenomenon the start to come to the u.s. liz: we have breaking news. robert gray. >> reporter: cyber attacks. we talked about bank of america. nyse was the subject of an attack. it did not report what today. flashpoint partners is saying the new york stock exchange website is a subject of a distributed denial of service attacks. although it appears to have been unsuccessful so far in taking the stage website of flight. i can't confirm go i just wanted a site for. the twitter account, saudi anonymous one which really ticked by hitting the website as the actor behind the attack. now, separately is says the j.p. morgan chase is likely due to a sustained de dos attacked, distributed denial of service attack. this is the bank of america was hit with, something simi
be a good way to spend some spare time. whenever you have the president of the united states selling your product, you can capitalize on it on all kind of ways. how have you capitalized on the president? i know the subway conductors are fun stuff but when you get the president that you can convert into money. >> you know, for us it was a big moment because it showed the value of it as an interview format. i personally would like to more politicians coming on. he wasn't the first. hope he is not the last. we extended invitation to presidential candidate romney. i would like to see every level of government. david: alexis, i have to press my point with you. how do you monotize getting the president on? for example, if you're a book writer, if you have the president holding your book saying that is a good book you can capitalize on that. how do you that from a website perspective. >> i may not be that good of an entrepreneur to figure that out. it obviously legitimatized red did and put it on. that monetizaton will come but i expect any photos of the president on reddit. liz: you could have
in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't peak out for another four or five years in the real estate market. a couple sectors we think have real legs to grow much higher. david: david, back to you. we have a credit crunch going on. the fed, both the fed and politicians, try to make sure we don't have the same kind of bubble in housing we did before. large companies can get around this in a way small companies can't going directly into the markets themselves. for that reason, would you prefer a large cap company over a small cap company right now? >> yes, absolutely. for the reasons you cite. number one, they do have access to credit. number two, they do have strong balance sheets, clean, and a lot
reluctance to spend money as well. we have to ask ourselves, is the united states of america right now and environment that welcomes business and welcomes risk-taking? and when you look at new regulations and when you look at the antagonistic view of so many folks in washington for the pharmaceutical industry, the hmo industry, the banking sector, the energy sector, before you know what they are like that turn on a tank. eventually aiming at every single industry except the solar industry. if you are importing solar panels and china your being in debt as well. david:, former white house economic adviser. thank you. he is author of why we thrive in the rat race, also head of the tiger hedge fund. well, mitt romney promises that his policies will help create 12 million jobs. there are not a lot of specifics immoral least there were not allowed given in the republican convention. how will it be done? carlos gutierrez tells us in a detailed plan coming next. liz: sending out invitations for a big event next week. what new products could detect and reveal? it might be in the shadow. that st
thing about british health care, it was messy awful hospital compared to any i've been to in the united states but they have 1/10 as many malpractice suits. because the loser pays. if you bring a frivolous lawsuit you have to pay. should we have the system here. >> i think so. we have number of corrections to make. wouldn't hurt the person who had the hurt if you will. might take a little bit, a few dollars out of the lawyers revenues from that but it's the right way to go. if you have courts which are professional courts that know what they're doing and sort out the questionable claims from the real claims that would be a big help. the other aspect just to say. david: sure. >> you both get reduction in premiums and get less defensive medicine which is extremely costly. david: a lot of these things are keeping a lot of doctors out of practice. some people are pulling in their shingles. they're leaving practice entirely. a lot of people who might have thought about many billioning doctors are not becoming doctors. we have a terrible shortage. look at this, $130,000 short by 2015. that is
Search Results 0 to 15 of about 16